BREAKING: Dow Jones Futures Tumble As Huawei CFO Arrested, Enraging China

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Dow Jones futures fell sharply Wednesday night, along with S&P 500 futures and Nasdaq futures, after the arrest of the CFO of Chinese telecom gear giant Huawei. Canada's arrest, at the behest of the U.S., enraged China.


On Wednesday, Canada arrested Huawei CFO Wanzhou Meng and faces potential extradition to the U.S., America is probing the Chinese telecom giant for potential violations of Iran sanctions. The arrest could undermine U.S.-China trade talks. China could retaliate by detaining American executives, some speculate.

China's embassy in Canada demanded that the U.S. "rectify wrongdoings" and free Meng.

Huawei is a massive, global telecom equipment giant. But the U.S. has viewed it suspiciously, citing various ties to China's military. The U.S. sanctioned another big Chinese telecom gear giant, ZTE, briefly banning U.S. suppliers from working with it before Trump intervened.

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